WATCH THIS Before Building Multiple Income Streams

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  • Опубликовано: 25 ноя 2022
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Комментарии • 150

  • @alux
    @alux  Год назад +20

    Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: masterworks.art/alux

  • @WealthbuilderzTV
    @WealthbuilderzTV Год назад +99

    Focus is on one thing at a time. Grow it build it and once it’s sustainable. Then turn around build the next stream of income.

  • @walter.dlawson2580
    @walter.dlawson2580 Год назад +64

    some millenials fail to do one thing right which is invest. I made my first million from blue chips and top etfs but when my new friends ask me how i made my money and i tell them etfs and passive income investing the all look clueless but they all know the new mercedes benz, bmw and dodge challenger that dropped last year, it's crazy, so much useless info!! anyways i invested and then reinvested my profits, i also acquired large amounts of high paying dividend stocks that gives me a solid base of passive income and also i owe all these knowledge and financial advice i'm giving you on this channel to James Fletcher Brennan, my personal Financial advisor, he"s been handling my portfolio for 2 years and he still surprises me with his insider knowledge

    • @clairefrewman1456
      @clairefrewman1456 Год назад +1

      that's quite impressive, you surely made a good bit of money

    • @jerryscotfield6913
      @jerryscotfield6913 Год назад

      as for me I have personal stake in either using their products or lots of people in my circle who do. APPL, TSLA, NVDA. Along with ABBV and KO when I focused on dividends

    • @tonimhamilton2072
      @tonimhamilton2072 Год назад

      he really seems to know his stuff. I also found his online page and read through his resume, educational background, qualifications and it was really impressive. he is a fiduciary who will act in my best interest. So, I booked a session with him

    • @vanhall9513
      @vanhall9513 Год назад +1

      funny enough you're not wrong, i can't tell you how many times i lost money off my pension just because i didn't have proper guidance, always nice to hear from a fellow investor. Goodluck!

    • @robinsonbaker1963
      @robinsonbaker1963 Год назад

      i tried to teach my kids the power of investing too but i guess they'd rather just spend their money on stuff that don't matter but what can i do i just pray for them and hope they learn and do better. i still love them regardless!

  • @luthandondlovu2863
    @luthandondlovu2863 Год назад +18

    The goal of creating multiple income streams should be to maximize your potential in each category available to you.

  • @philv2529
    @philv2529 Год назад +9

    Starting multiple fires with no lighter is no more difficult than one. You start the first fire the hard way then use a stick from it to start the others.

  • @williamthomaspenn
    @williamthomaspenn Год назад +15

    Maybe you can do “how to” on building a real estate portfolio? Build it using an LLC? Different LLCs for different property types? How many should you have in portfolio? Property management companies? Tax structure? Just an idea.

  • @alphamoneyacademy
    @alphamoneyacademy Год назад +24

    Focus on one simple strategy that can be easily escalable and THEN diversify.

  • @hugh009
    @hugh009 Год назад +18

    By far one of the BEST videos ALUX has done! I only wish I had known this 40 YEARS ago!

  • @adrianfisher3349
    @adrianfisher3349 Год назад +16

    I used to start too many things at about the same time and not get much done. Many of these income stream ideas feel a lot like that to me.

  • @JLW667
    @JLW667 Год назад +25

    2:58 Scalability and Growth
    3:18 3 categories
    3:35 3:59 5:20 Jobs
    5:57 Automate
    3:43 5:28 Independent Contractor
    3:48 5:34 Business Owner
    7:02 Combo (Side Hustle)
    7:38 Real Estate
    6:48 Grey Area
    8:00 Investments
    9:25 A strategy for investing
    11:36 Dedicate

  • @EloisaGene
    @EloisaGene Год назад +11

    So this is the one advice I have waiting for my entire life! Thank you Alux!

  • @alex_spartan1805
    @alex_spartan1805 Год назад +4

    Cultivate one stream of income to its absolute max before moving 2nd, 3rd streams.

  • @luxehangout
    @luxehangout Год назад +2

    Really Insightful 👏🏼👏🏼👏🏼

  • @ThePhoenixwellnessandhealth
    @ThePhoenixwellnessandhealth Год назад +2

    Oh you guys changed it! You guys are the best!! Thank you 🥰😁

  • @justmika6964
    @justmika6964 Год назад +4

    I needed to see this video today. Though I will need to watch again later cause I might forget cause life get so hectic and I get frustrated with what is going on. I try to remember to clear these misconceptions and ideas I have from stuff I have listened to.

  • @wyettaangelajohnson7611
    @wyettaangelajohnson7611 Год назад +2

    Seeking other income streams now! Thank you Alux!

  • @lexnite22
    @lexnite22 Год назад +1

    6:12 Thanks for putting my city in your vid 🤩 I even know what suburb, judging by the bridge on the left side.

  • @lefunkable
    @lefunkable Год назад +15

    That's True... Sometimes people come to me and offer other opportunities. I tell them every time, I have to Focus on my Business first and when it scale up, then I can see other opportunities. FOCUS means Follow One Course Until Successful...

  • @OsvaldoNava-cz8iz
    @OsvaldoNava-cz8iz 2 месяца назад

    That's a solid list! I'm also big on Blcktken300 , avalanche, algo, and matic too.

  • @jimxoxo
    @jimxoxo Год назад +2

    Thank you ALUX For your videos. Its very informative. Now I know about masterworks.❤❤❤

  • @camaranpayne5355
    @camaranpayne5355 Год назад +2

    This was very useful. Thank you

  • @CL-xv6sy
    @CL-xv6sy Год назад +2

    Since index funds grow with time, should we start investing in it right away even a small amount? Or should we build a 6-figure business first?

  • @entrepreneurking8162
    @entrepreneurking8162 Год назад +6

    I been saying this for years!!!!!!! Never never never build another income stream without successfully building the first one first!

  • @PraxisOfHealthBillFaulkner
    @PraxisOfHealthBillFaulkner Год назад +7

    Thanks for sharing this wisdom. Very helpful!

  • @bevconklin5172
    @bevconklin5172 Год назад

    I love Masterworks! Thank you for the introduction/inspiration.

  • @destinypius-zw1lv
    @destinypius-zw1lv 10 месяцев назад

    What about being a doctor and a starting neurosurgeon how can you build multiple income stream

  • @Joseph-nc7ql
    @Joseph-nc7ql Год назад +4

    This is the best video alux ever did... And that's saying alot

  • @Payote88
    @Payote88 Год назад +1

    So if I’m an artist how do I become a blue chip artist???

  • @JSFGuy
    @JSFGuy Год назад

    Got to check it out right here

  • @benwiles7433
    @benwiles7433 Год назад +1

    For stocks investment, buy trackers or investment trusts. You get lower returns but without putting in any time and get a spread of risks.

  • @gerardomartinez3920
    @gerardomartinez3920 Год назад +1

    I really don’t like the fire analogy because if you build one fire you can use that fire to lite the other 3.

  • @rubikulelerubiksandukulele4607
    @rubikulelerubiksandukulele4607 Год назад +5

    Another helpful video Alux. Thank you so much. Please make a video about forex trading. Thank you in advance.

  • @krazyproduction875
    @krazyproduction875 Год назад +2

    Alux is truly the best channel on RUclips!

  • @yolandersdelights8194
    @yolandersdelights8194 Год назад

    Really great advice🙏

  • @YasinNabi
    @YasinNabi Год назад +2

    "NOTHING IS IMPOSSIBLE, THE WORD ITSELF SAYS I'M POSSIBLE " -Audrey Hepburn----

  • @randomtrails5003
    @randomtrails5003 Год назад +1

    7:40 did anybody notice that this is a map of Toronto? 😄

  • @saarthakpanda9143
    @saarthakpanda9143 Год назад +2

    *LOVE YOU ALUX!!!*

  • @UTDfargo
    @UTDfargo Год назад +6

    The markets are been propped up by the FED printing money with NO limit. Every time the Market blips down the FED dumps cash into the dip.

    • @paultrump7630
      @paultrump7630 Год назад

      I feel like nobody ever mentions the most important aspect of generational wealth building. You have to be able to protect your investment. Don't buy it if you may, at some point, be forced to sell it. You HAVE to be able to exit on your terms.

    • @toryburch4380
      @toryburch4380 Год назад

      Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That's why I have been working with 'Romilly Lucia gray' and that doesn't make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn't necessarily mean to be greedy

    • @verawang586
      @verawang586 Год назад

      @@toryburch4380 i am approaching retirement & i think this is the last window of opportunity for me to become a millionaire before retiring, as Recessions and downtrands are where millionaires are created. Currently have some lump sum in a savings account and will like to work with a fiduciary financial advisor to achieve my goals. Please how can i reach Romilly?

    • @toryburch4380
      @toryburch4380 Год назад

      I am guided by ROMILLY LUCIA GRAY I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.

    • @tiasumong5334
      @tiasumong5334 Год назад

      That's why being informed pays off. I see any market condition as an opportunity, so far I'm only dollar cost averaging. I have amassed over £321k so far in 2022 as gross earnings under the guidance of my financial advisor "Romilly Lucia gray". I don't pay attention to the daily movements, the returns have been good. I'm not retiring anytime soon, so who cares what happens today?

  • @Spladoinkal
    @Spladoinkal Год назад +1

    This is exactly what I needed. Thank you

  • @kingdecklerck
    @kingdecklerck Год назад +2

    Why did you stop saying " the place where future billionaires come to get inspired"? I want it back Alux

  • @vikassrivastava6344
    @vikassrivastava6344 Год назад +2

    I am planning about multiple sources of income just few minutes ago and then this video comes - coincidence...

  • @Prodigychild1977
    @Prodigychild1977 Год назад +2

    Very, very true ...

  • @asolaris6470
    @asolaris6470 Год назад

    Great analogy.

  • @mellythegeek6936
    @mellythegeek6936 Год назад +1

    🙏🏿

  • @aliubisiriyu8145
    @aliubisiriyu8145 Год назад

    How can we pay with local currency, we can't pay for things from Nigeria anymore. Please help

  • @manoftomorrow5987
    @manoftomorrow5987 Год назад +4

    I know successful people with 1 stream of income because their skill and education is enough. They can get another "stream of income" with pension or investments..or even buying another property to rent out. They do not have to have multiple streams to become "wealthy". Dont believe me? Look at CEOs, CFOs, COO, Doctors, Lawyers..etc etc...I can go on and on.

    • @shahirkhan69
      @shahirkhan69 Год назад +1

      Well these videos are made for those who are not good in schools and colleges.

  • @NormaLobaco
    @NormaLobaco 2 месяца назад

    Truly love your candidness, I DCAed today again for BTC Blcktken300 and ETH

  • @irmabrownstein853
    @irmabrownstein853 Год назад

    How about if you are retired. With extra money. How to multiply it?

  • @THESMOKERSHUT
    @THESMOKERSHUT Год назад

    I know EXACTLY what ur saying.

  • @colinchandler6516
    @colinchandler6516 Год назад

    thank you

  • @iamseptembermelody
    @iamseptembermelody Год назад

    Needed this

  • @Kevin51611
    @Kevin51611 Год назад +1

    7 streams? Good lord!

  • @JLW667
    @JLW667 Год назад

    9:58 Recession Proof (Art)

  • @barbaramariakimpfler5588
    @barbaramariakimpfler5588 Год назад +2

    Thank you ALUX, the picture with one big fire and the four small fires will probably remain in my mind forever😉 and maybe one day a Banksy will be not only there

  • @hamidja1537
    @hamidja1537 Год назад

    Thanks for sharing

  • @Pauliy1
    @Pauliy1 Год назад +30

    I am currently working on turning $20k into 500k then $1m. So far at $120k..... I really like this guy because he's like my analyst, focuses on the market all day, read charts, observes the world around him and trust to deliver outstanding results, that's how I've been investing and growing my money without ever sitting in front of a computer

    • @riviera9383
      @riviera9383 Год назад

      Great, what exactly are you invested into to generate ROI. I am researching passive and safe investment options for long and short term

    • @jidaloida106
      @jidaloida106 Год назад

      Many people have become millionaires trading because with the leverage invovled in options trading, people can make a fortune or lose it all very quickly

    • @Pauliy1
      @Pauliy1 Год назад

      @@riviera9383 Yes, Stocks but I don't have the skill and time to trade or analyze the market, a senior analyst Mr ravies handles my trades

    • @riviera9383
      @riviera9383 Год назад +1

      @@Pauliy1 how can I approach him for his help, can I have his number

    • @Lilyoregon
      @Lilyoregon Год назад

      I also trade under Mr Ravies and trust me when I say he has really changed my life for the better, from working two jobs to making close to 10k monthly

  • @jessenunez8743
    @jessenunez8743 Год назад +1

    Can someone explain why I would buy art when people are losing money and therefore wouldn’t want to buy art? I’m not hating. Just a serious question

    • @Volker109
      @Volker109 Год назад

      Invest as much as your willing to lose

  • @PrabhjotSinghDhillo
    @PrabhjotSinghDhillo Год назад

    Hey @Alux, why did you stop saying you signature sentence... "the place where future billionaires come to get inspired"?

  • @SourSensei
    @SourSensei Год назад

    This just came out 5 days better late than never I guess 😅but noted 📝✅

  • @suyashkedare1311
    @suyashkedare1311 Год назад

    🙏Please do make video on multiple source income for peoples who do jobs from (9 to 5)!!! 🙏

    • @Volker109
      @Volker109 Год назад

      Start a side hustle with your free time

  • @user-hx8pf9cp5m
    @user-hx8pf9cp5m 5 месяцев назад

    Kinda makes sense.

  • @ntebalengsefahamela5851
    @ntebalengsefahamela5851 Год назад

    Oh I missed this video

  • @startpreneurnepal
    @startpreneurnepal Год назад

    Belive in yourself

  • @ntebalengsefahamela5851
    @ntebalengsefahamela5851 Год назад

    This is the best video

  • @Matthew8473
    @Matthew8473 4 месяца назад

    This is top-notch in every aspect. I read a book with similar content, and it was top-notch. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight

  • @ssemombweandrew
    @ssemombweandrew Год назад

    Present!

  • @luthandondlovu2863
    @luthandondlovu2863 Год назад +2

    For most people, their primary salary is their main income stream. In fact, I think everyone starts this way (if you didn’t, I’d love to hear your story!).

    • @OanaTheMeerkat
      @OanaTheMeerkat Год назад

      I started freelancing because nobody wanted to hire someone in accounting with no experience. The problem with this freelancing work was that summer time was with almost no income. So I started learning programming hoping to get some summer projects. It turned into a fulltime job as a JavaScript/React developer. I still hold onto my freelancing work. I hope I'll get a third stream of income in the future - an apartment to rent. I'm also interested in buying gold. But I'll wait for the prices to go a little lower.

  • @mahahazim9767
    @mahahazim9767 Год назад

    Not always making $100k you need to be under high position as manager or so, many of IT positions could make above of this amount after only 5 yrs. Experience or less!

  • @NormaLobaco
    @NormaLobaco 2 месяца назад

    All of them are fine picks. But they can't match the vision and purpose of Blcktken300 at any point, big difference.

  • @skndrshahyn
    @skndrshahyn Год назад

    ❤️

  • @option723
    @option723 Год назад

    MOST UNDER RATED CHANNEL

  • @DonteeWeaver
    @DonteeWeaver Год назад +1

    👀

  • @HishamHikami
    @HishamHikami Год назад +1

    Ah! I am among the ones who automating my job without my boss knowing it. And, I'll be doing something else about my financial growth.

  • @youknowwithMartyKauffman
    @youknowwithMartyKauffman Год назад

    Dang this fire analogy makes so much sense now I shouldn’t have started multiple RUclips channels but maybe all of my fires will combined to a big bonfire soon you never now

  • @ethangasca1551
    @ethangasca1551 2 месяца назад

    I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

  • @lorlamphin768
    @lorlamphin768 Год назад

    Everyone, if we have $ 1000, which is company available for investing in stock market?

    • @rbjmcisneros
      @rbjmcisneros Год назад

      Can't go wrong with QYLD.
      Check it out. It could make the first million in 6 years

  • @newstyletelevision1923
    @newstyletelevision1923 Год назад

    Moonlighting is the best second income stream.

  • @_Inferno_Fay
    @_Inferno_Fay 2 месяца назад

    You don't get rich with multiple streams of income you stay rich...whats the difference?

  • @hemantmamtani197
    @hemantmamtani197 Год назад

    good

  • @bernie-be
    @bernie-be Год назад

    I know it might be irrelevant but where the ALUX LADY AT !?

  • @auro1986
    @auro1986 Год назад

    narrator can't say watch 15 videos in alux channel daily before building multiple income streams?

  • @syrykh
    @syrykh Год назад

    Why the voice sounds so artificial and robotic today?

  • @KARYTTAH_PopMetal_Rock_BAND
    @KARYTTAH_PopMetal_Rock_BAND Год назад

    -> 🤔 Maybe We're The 1st Spiritist* Pop-Metal Or Rock Band In This World...
    But Don't Pay Much Attention To Our Neanderthal English, HaHa ❤ HaHa
    *NOTE:
    -> Spiritist is who professes Spiritism, the Gospel continuation
    It has began with the books by Allan Kardec and continued in the books by Francisco C. Xavier, the greatest and more important medium/prophet of spirits of the last centuries.

  • @drprasannasuru
    @drprasannasuru Год назад

    This concept is known as " Spawners ".

  • @TGREAT1
    @TGREAT1 Год назад +1

    Haha next:talk about the people who already built it but cannot fulfill all of 👑those or...🕳holes who kill it before people got to explore adore..etc
    #eminem 😏 #rights for #universe
    #fairshare #constitution constitutional amendment.. #blessings upon y'all and again after my downfall...

  • @arunavbaruah123
    @arunavbaruah123 4 дня назад

    Subscribed

  • @akhilsahuodishachhatisgarh3694

    🧡🤍💚🥰 from LEO 👍🙏🇮🇳

  • @hadilina9364
    @hadilina9364 Год назад

    This time ,info is very poor and contradictory, sorry

  • @Kevin51611
    @Kevin51611 Год назад

    Whats with this lady's tone lol

  • @De-tw7by
    @De-tw7by Год назад

    Men always be aware divorce is always a treat and plan yourself. Women change and menopause is the time to watch out.

  • @lopat4826
    @lopat4826 Год назад

    Okay you keep promoting telling me art is reception proof just to get money from promotion you don't lose watchers by

  • @b.p.m.5136
    @b.p.m.5136 Год назад

    Passive aggressive income marketing P.A.I.M.

  • @jaylewis9876
    @jaylewis9876 Год назад

    All these channels pumping art investing means once it peaks they will have record losses. When that happens they won’t pump it and that will be the time to get into it. Perhaps 2024 if 2023 was the crash

  • @lukeemanuel8276
    @lukeemanuel8276 Год назад +1

    Wow just watched a massive advert unsubed

  • @cashdamotive2548
    @cashdamotive2548 Год назад

    First

    • @JSFGuy
      @JSFGuy Год назад

      Stop, get some help.

  • @Bill-TK
    @Bill-TK Год назад

    I doubt that the person who prepared this video rich person or not. if she is a average person, it is total waste of time

  • @richardwisdom9689
    @richardwisdom9689 2 месяца назад

    Not explain, nothing! Just bla bla bla ZERO! Stocks always only for scammers! Never touch stocks, anyway You loose

  • @FinancialMotivators
    @FinancialMotivators Год назад

    Love you Alux. &, her voice helps. It’s sexy and motivating.

  • @mellythegeek6936
    @mellythegeek6936 Год назад +1

    🙏🏿

  • @billionairedaza4650
    @billionairedaza4650 Год назад

    First